Commercial Credit Analyst
Salary

Earnings for Commercial Credit Analysts in the United States come in at around $47K per year on average. Total incomes of Commercial Credit Analysts incorporate potential for, in a few cases, more than $8K from bonuses and close to $6K from profit sharing; these performance components cause packages to range between $34K and $70K. Experience level and the particular city each impact pay for this group, with the former having the largest influence. Medical benefits are awarded to almost all, and a large number earn dental coverage. The majority of Commercial Credit Analysts (69 percent) who took the survey are men. Most Commercial Credit Analysts report high levels of job satisfaction. The information for this snapshot was generated by responses to the PayScale salary survey.

XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).

XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).

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Job Description for Commercial Credit Analyst

A commercial credit analyst is responsible for gathering and analyzing credit information for current and prospective business borrowers. These analysts complete analyses for new loan requests and make recommendations for risk ratings according to what they discover. They must also analyze credit data and financial statements as part of risk analysis on new and renewing loans. Commercial credit analysts also prepare written summaries of credit analysis of the business' services, as well as compare financial strengths of businesses being evaluated with similar businesses in the same industries. Additionally, these analysts must collaborate with auditors and loan review specialists. This is generally a full-time position, although overtime may be required depending on the needs of the business.

A commercial credit analyst position generally requires at least a bachelor's degree in accounting, finance, or a related position. Additionally, they must have at least five years of related work experience. Commercial credit analysts must possess strong interpersonal, multitasking, and communication skills. They should also work well in a team setting, as well as on their own with minimal supervision. These analysts should also be proficient with basic computer programs such as the Microsoft Office suite.

Commercial Credit Analyst Tasks

Ensure that approved accounts remain in good standing.

Establish terms for approved credit requests.

Assess credit risk.

Aggregate and evaluate data related to credit and credit risk to support organizational decision-making.

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Popular Skills for Commercial Credit Analyst

This chart shows the most popular skills for this job and what effect each skill has on pay.

Survey takers who work as Commercial Credit Analysts usually report a few specific skills. Most notably, skills in Commercial Loans, Loan Underwriting, Financial Analysis, and Microsoft Excel are correlated to pay that is above average, with boosts between 4 percent and 7 percent. The majority of those who know Financial Analysis also know Commercial Loans.

Pay by Experience Level for Commercial Credit Analyst

Median of all compensation (including tips, bonus, and overtime) by years of experience.

Experience and income seem to be closely related; in general, the survey respondents who had worked for more years reported higher incomes. Those in the early stages of their career can expect to make around $45K; however, individuals with five to 10 years of experience bring in $56K on average — a distinctly larger sum. Commercial Credit Analysts with one to two decades of relevant experience report an average salary of approximately $57K. Commercial Credit Analysts who have acquired more than 20 years of relevant experience earn significantly more than folks with fewer years on their resumes; the average income in this veteran group is $70K.

Pay Difference by Location

New York offers some of the highest pay in the country for Commercial Credit Analysts, 41 percent above the national average. Commercial Credit Analysts will also find cushy salaries in Denver (+35 percent), Chicago (+13 percent), Houston (+11 percent), and Minneapolis (+5 percent). St. Louis is the lowest-paying area, 12 percent south of the national average.